MORPHO

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0094%/8h= −10.3% APRnext payment −$0.12 per $10,000 · paid last 24h +0.111%

Price spread now: Coinbase International against Polymarket Perps−0.185%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Polymarket Perps Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.413%+$41 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Coinbase International is 0.185% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$18 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.413%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps MORPHO-USD	2.6502	−0.0186	get 0.0023% / 1h	43m 42s	$28K	$1.7M	5x
Short	Coinbase International MORPHO-PERP-INTX	2.6453	−0.0280	pay 0.0035% / 1h	43m 42s	$76K	$43K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Polymarket Perps. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Polymarket PerpsbpFee Coinbase InternationalbpOrdersPrice spread, now −0.185%Rate

Funding earned: −$19.72
Price spread: −0.185% → 0.000%: −$18.49
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$56.21
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Polymarket Perps: live order book, 5 min ago; Coinbase International: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Polymarket Perps live order book, 5 min ago	2.27 bp	6.6 bp −$7	8.3 bp −$83	doesn't fit	doesn't fit
Sell Coinbase International no order-book sample	—	—	—	—	—

Coinbase International: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

MORPHO on 27 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_MORPHOUSD	−0.1837%	1h	2.6460	−0.159%	$80K	$132K	20x	as long as short
01 Exchange MORPHOUSD	−0.0480%	1h	2.6488	−0.053%	$870	$13K	5x	as long as short
Deribit MORPHO_USDC-PERPETUAL	−0.0467%	1h	2.6496	−0.023%	$11K	$788	10x	as long as short
Coinbase International MORPHO-PERP-INTXshort	−0.0280%	1h	2.6453	−0.185%	$76K	$43K	25x
Variational Omni MORPHO	−0.0242%	4h	2.6451	−0.193%	$628K	$1.0M	—	as long as short
Polymarket Perps MORPHO-USDlong	−0.0186%	1h	2.6502	long leg	$28K	$1.7M	5x
BloFin MORPHO-USDT	−0.0181%	4h	2.6453	−0.185%	$639K	$228K	20x	as long as short
Orderly PERP_MORPHO_USDC	−0.0142%	4h	2.6480	−0.083%	$10K	$34K	10x	as long as short
GRVT MORPHO_USDT_Perp	−0.0066%	4h	2.6431	−0.267%	$41K	$133K	10x	as long as short
Phoenix MORPHO	−0.0030%	1h	2.6497	−0.019%	$43K	$474K	5x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya MORPHORUSDPERP	−0.0004%	1h	2.6495	−0.026%	$16	—	10x	as long as short
Injective MORPHO/USDC PERP	+0.0033%	1h	2.6430	−0.272%	$37	$242K	5.5x	as long as short
Gate MORPHO_USDT	+0.0074%	4h	2.6509	+0.026%	$767K	$516K	50x	as long as short
MEXC MORPHO_USDT	+0.0094%	4h	2.6519	+0.064%	$5.5M	$901K	100x	as long as short
Binance MORPHOUSDT	+0.0096%	4h	2.6512	+0.038%	$16.1M	$25.9M	75x	as long as short
Lighter MORPHO	+0.0096%	1h	2.6595	+0.349%	$318K	$325K	5x	as long as short
Extended MORPHO-USD	+0.0096%	1h	2.6497	−0.020%	$101K	$405K	10x	as long as short
Paradex MORPHO-USD-PERP	+0.0100%	8h	2.6523	+0.079%	$5K	$3	5x	as long as short
Aster MORPHOUSDT	+0.0100%	4h	2.6523	+0.080%	$58K	$30K	20x	as long as short
Bybit MORPHOUSDT	+0.0100%	4h	2.6505	+0.011%	$8.3M	$9.2M	25x	as long as short
OKX MORPHO-USDT-SWAP	+0.0100%	4h	2.6514	+0.045%	$3.2M	$4.5M	20x	as long as short
KuCoin MORPHOUSDTM	+0.0100%	4h	2.6514	+0.045%	$593K	$266K	50x	as long as short
Bitget MORPHOUSDT	+0.0100%	4h	2.6510	+0.030%	$2.9M	$1.8M	75x	as long as short
BingX MORPHO-USDT	+0.0100%	4h	2.6517	+0.057%	—	$1.5M	—	as long as short
SoDEX MORPHO-USD	+0.0100%	1h	2.6490	−0.045%	$22K	$4K	5x	as long as short
GMX MORPHO/USD [ETH-USDC]	L +0.0158% / S −0.3418%	1h	2.6513	+0.043%	$1K	—	100x	as long as short
Hyperliquid MORPHO	+0.0342%	1h	2.6584	+0.309%	$6.3M	$7.0M	5x	as long as short